Yeah. It's basically dead lift with the weight shifted along your mid-line instead of in front of your shins. Makes it really easy to keep good form since you're not worried about getting it over your knees. I find the grip is much more natural as well, since your hands are at your sides rather than in front of you.

It's not the exact same stuff, but for all intents and purposes if you're not planning on competing in a powerlifting event anytime soon it's close enough that you could substitute it. It's actually used quite a lot for athletes who can't afford to have a sore lower back in training practice.